Forecast week 5, 2024

These are some of findings of my Sunday afternoon reading.

EURJPY - Daily

We have retraced to Fib - SI is on the high side - most probably we are getting ready for a another leg long. The details on the 1HR below.

PVR sow increasing volume at bottoms = buyers

Wyckoff Up Thrust signal + PRL from Plutus

Therefore Long is the trade

EURUSD on Daily

Abnormal SI - I think we will get to the Fib - the entry should be based on 1HR

AUDUSD H4

Ranging above Fib - waiting for the Exit - Bias is Short - to get to 61.8

GBPCAD 1HR

From Wyckoff Up-Thrust at top trade is short is still open and the target is at least 50Fib

GBPJPY Daily

We are at major Resistance and we have already a few times. I am not sure yet if this abnormal SI 118.1 is a Push Down or a Hard to Move Down, therefore have to wait. Are we going for a break up or a down move.

That abnormal is SI is coming from that very messy range on the 1HR chart below. Therefore I think the smart move is to wait for the Exit

Enjoy!